Korbit Reportedly to Rebrand as Digital X Under Mirae Asset
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
South Korean cryptocurrency exchange Korbit is set to rebrand as Digital X following its acquisition by Mirae Asset Group. Mirae Asset founder and global strategy officer Park Hyeon-joo announced the rebranding in an internal email to employees. He described Digital X as a central component of Mirae Asset’s “3.0” strategy, which seeks to integrate digital assets with traditional finance.
Mirae Asset completed its acquisition of a 97% stake in Korbit on Thursday. Despite the change in ownership and planned rebrand, Korbit stated that its existing services will continue without disruption. The new entity, Digital X, aims to expand into tokenizing real-world assets, security token offerings, stablecoins, and traditional asset products.
Why it matters
Park emphasized that Digital X will prioritize regulatory compliance, including anti-money laundering measures, customer verification, information security, and fraud detection. This focus comes as South Korea is developing clearer rules concerning cryptocurrencies and tokenized securities. The article highlights that Mirae plans to use Digital X as a hub for tokenized assets and digital finance, aligning with broader developments in the South Korean crypto market.